9-time K League champions Jeonbuk to finish season in bottom half for 1st time
Stuck in a lost season, once-mighty Jeonbuk Hyundai Motors have assured themselves of a spot in the bottom half of the K League 1 for the first time in club history. Jeonbuk played FC Seoul to a goalless draw at…
14 troubled public firms to slash 32 tln won of debt by 2026
The finance ministry said Monday it will push to reduce 32.1 trillion won (US$24.01 billion) of debt incurred by 14 financially troubled public companies combined by 2026 through asset sales and organization restructuring. According to the revised financial management plan,…
Seoul shares nearly flat late Mon. morning
South Korean shares trimmed earlier losses to trade nearly flat late Monday morning. The benchmark Korea Composite Stock Price Index (KOSPI) slipped 0.28 point, or 0.01 percent, to 2,674.03 as of 11:20 a.m. The index earlier opened slightly lower on…
S. Korean Bond Yields on morning of Sep. 2, 2024
Today (%) Previous Session(%) Change (BP) 1-year TB 3.061 3.060 +0.1 2-year TB 3.086 3.067 +1.9 3-year TB 2.982 2.953 +2.9 10-year TB 3.105 3.088 +1.7 2-year MSB 3.049 3.022 +2.7 3-year CB (AA-) 3.537 3.503 +3.4 Source: Yonhap News…
Insurance firms’ H1 net grows 2.8 pct
Insurance companies in South Korea posted a slight growth in their net profit in the first six months of the year from a year earlier but solely on a rise in the income of non-life insurers, data showed Monday. The…
Nuclear safety regulator seeks 276.9 bln won for 2025 budget
The Nuclear Safety and Security Commission (NSSC) said Monday it has requested a budget of 276.9 billion won (US$206.6 million) for next year to push for devising a regulation system for next-generation nuclear reactors. The 2025 budget marks a slight…
Today in Korean history
1948 — The U.S. military in South Korea hands over police authority to the South Korean government. 1988 — The government announces its plan to open up information on communist countries, including North Korea, to the public. 1997 — A…
(Yonhap Feature) S. Korean women scurrying to take down selfies amid deepfake porn crimes
Deepfake porn images have sent many South Korean women scurrying to take down selfies from Facebook, Instagram and other social media platforms as concerns have been mounting that no one is an exception to the crime in the world’s most-wired…
S. Korea, Norway agree to launch security defense dialogue channel
South Korea and Norway agreed Monday to establish a bilateral security defense dialogue channel to enhance their practical cooperation in the areas of defense and security, South Korea’s defense ministry said. Defense Minister Shin Won-sik and his Norwegian counterpart, Bjorn…
Jeju uprising included in all middle, high school history textbooks
The bloody 1948-1954 suppression of a civilian uprising on Jeju Island will be included in all history textbooks to be used in middle and high schools nationwide starting next year, the Jeju provincial office of education said Monday. The Jeju…